Topic: Economic Growth

Central Banking, Economic Growth, Inflation, Monetary Policy, Sound Money Project

Inflationary Growth is Fake News

– October 4, 2023

“Economic growth means more output. Comparatively less money chases comparatively more goods. All else equal, prices across the economy should fall.” ~Alexander W. Salter

Economic Growth, Free Trade, Sound Money Project, Taxation

Wishful (Protectionist) Thinking

– September 28, 2023

“Specialization and productivity increase when the market’s size extends across national borders. But tariffs reduce the extent of the market and thereby reduce specialization.” ~Paul Mueller

Art and Culture, Capitalism, Economic Growth, History

Eyes, Shoulders, Knees, and Toes: Rebutting Robert Gordon’s ‘The Rise and Fall of American Growth’

– September 27, 2023

“We are wealthier now, not because we earn more but because we trade less of our time for goods. The real ‘superabundance’ comes not from ample money or wealth but ample leisure time.” ~David Gillette and Lauren Frazier

Authoritarianism, Capitalism, Economic Growth, International

The Multiyear Decline in US Economic Freedom

– September 25, 2023

“In 2007 only three countries were economically freer than the US, but by 2015 eleven nations were. Today, 24 are freer.” ~Richard Salsman

Economic Growth, Government, Property Rights, Taxation

Taxation as Social Justice

– September 24, 2023

“The goal is not to raise revenue so we can support the poor; instead, the US is pursuing the simpler goal of eliminating private concentrations of wealth.” ~Michael Munger

Economic Growth, Free Trade, Regulation

Beware of Mistaking Artifacts for Economic Realities

– September 21, 2023

“Recognition that the size, or possibly even the very existence, of any measured US trade deficit depends heavily on the accounting conventions used to record international commercial transactions should be sufficient to calm the fears that arise whenever this accounting artifact shows a deficit.” ~Donald J. Boudreaux

Central Banking, Economic Growth, Inflation, Monetary Policy

David Malpass on Inflation and Slow Growth

– September 16, 2023

“If we try to push supply-side economics as an inflation-reduction strategy, we’re setting ourselves up for failure by banking on a problem that’s largely solved.” ~ Alexander W. Salter

Art and Culture, Economic Growth, Government

Economic Parasites: Their Gain, Your Pain

– August 18, 2023

“Just as biological parasites try to hide in the recesses of host bodies, economic parasites try to hide in the recesses of the body politic. Some, like leeches, cling tenaciously when exposed to the light. Others, like hookworms, feed deep in the belly of the economic beast.” ~ Robert E. Wright

Crisis, Economic Growth, Environmentalism, Government, Property Rights

Maui Needs Speculators

– August 18, 2023

“Some affected individuals would undoubtedly prefer to take a payout and move on rather than incur the expense of renting/purchasing a temporary domicile until the reconstruction is complete.” ~ Peter C. Earle

Crisis, Economic Growth, Government, Monetary Policy

Fitch Drops US Creditworthiness: Spending is the Reason

– August 17, 2023

“The government should focus on fiscal responsibility and better budget management to avoid a deepening spending crisis, exacerbating Americans’ existing economic burden.” ~ Vance Ginn

Classical Liberalism, Economic Growth, History

The Great Enrichment Was Enriching From the Start

– August 16, 2023

“Countless critics of the industrial revolution deny that Britain’s stupendous economic growth beginning in the mid-18th century produced benefits for ordinary people who lived through those early years of growth.” ~ Donald J. Boudreaux

Economic Growth, Free Markets, Policy, Taxation

State Development Incentives: The Only Solution is Not to Play

– August 15, 2023

“The incentives of politicians and the goals of citizens can diverge, and nowhere is that divergence more obvious than in the case of targeted, private benefits to specific corporations paid for at public expense.” ~ Michael Munger